AMD 是一个长期看涨标的，在 AI 技术栈扩张的推动下，目标价 1,000 美元，时间窗口为 12-18 个月；当前价格需要耐心等待入场时机。
逐段跳播
现在，排名第三的股票是 AMD。这现在相当有意思，因为它没有显示出任何下跌的迹象，AMD 在 2026 年经历了爆发式增长。
Now, the number three stock is AMD. This is quite interesting now because it shows no signs of falling, as AMD has seen explosive growth in 2026.
就我而言，我喜欢在股票下跌时卖出以现金担保的看跌期权。我们在 Credo 的案例中看到了这一点。我们在 Alphabet 身上也看到了同样的情况。然而 AMD 正在创下历史新高。所以，我想对这只股票更有耐心。
And in my case, I like to sell cash-secured puts when the stock is on the decline. We saw that in the case of Credo. We saw the same thing with Alphabet. Yet AMD is trading at new all-time highs. So, I want to be more patient with this stock.
这些股票显示在你的屏幕上。你可以看到，它们的价格在过去 12 个月上涨了 175%。而事实上，仅 2026 年就上涨了 200% 以上。
The shares are displayed on your screen. You can see that their prices have increased by 175% in the last 12 months. And in fact, it grew by over 200% in 2026 alone.
这只股票的 Edge Score 接近 70。那么，为什么我仍然如此看好这只股票？这是一个数据中心。在 AMD 最新的一个季度，营收达到 115 亿美元。增长了 50%。但当你更深入看时，数据中心营收为 67 亿美元。
它在一年之内增长了 100% 以上。这才是我担心的数字。
And the stock has an Edge Score that is close to 70. So, why am I still so optimistic about this name? This is a data center. In AMD's latest quarter, revenue reached $11.5 billion.
Which is 50% more. But when you look deeper, data center revenue was $6.7 billion. And it has grown by more than 100% in the space of a year. This is the number I'm worried about.
AMD 拥有 CPU、GPU、网络、软件，以及 Helios 机架级系统或平台。他们现在正在构建一个完整的 AI 计算堆栈，而不仅仅是销售单独的芯片。
AMD has CPUs, GPUs, networking, software, and the Helios rack-scale system or platform. They are now building a complete AI computing stack rather than just selling separate chips.
AMD 表示，Microsoft、Meta、ChatGPT 的 OpenAI、Anthropic 和 Oracle 等公司都参与了 Helios 的部署，这里仅举几例。
AMD says that companies such as Microsoft, Meta, ChatGPT's OpenAI, Anthropic, and Oracle are involved in the Helios deployment, to name just a few.
这就是为什么我长期如此看好它。我相信这是一只将在未来 12 到 18 个月内达到 1000 美元的股票，这是我个人的看法。
And that's why I'm so positive about it in the long term. I believe this is a stock that will reach $1,000 in the next 12 to 18 months, and that is my personal opinion.
但就 AMD 而言，情况有所不同。即使与 Nvidia 的差距略微缩小，该股未来仍将创造巨额利润。但同样，在 AMD 经历了我们看到的这轮上涨之后，我想在这个问题上保持明智。我想保持耐心。
我想看看是否存在一个好的入场点。所以，我并不急于在这里买入股票。
But in the case of AMD, the matter is different. Even if the gap with Nvidia is narrowed slightly, the stock will still make huge profits in the future. But again, after the rise we've seen in AMD, I want to be smart about the issue.
I want to be patient. I want to see if there is a good entry point. So, I'm not in a rush to buy shares here.
我正在考虑卖出 12 月 18 日到期、行权价 450 的看跌期权，这大约能带来 440 美元。这将使我负有以 450 美元买入 100 股的义务，而我乐意这么做。所以，我需要 45,000 美元来确保这一头寸。
I'm looking at selling the 450 December 18 puts, which would yield about $440. This would obligate me to buy 100 shares at $450, which I would be happy to do. So, I need $45,000 to secure that position.
如果 AMD 继续上涨或维持在 450 以上，那就太好了。我将收取我的 440 美元。如果出现大幅回调，我是说真正的大幅回调，我已经做好了以低得多的估值买入更多 AMD 股票的准备。
If AMD continues to increase or stays above 450, then great. I will collect my $440. If there is a major correction, I mean a really major correction, I have prepared myself to buy more AMD shares at a much lower valuation.
如果 AMD 跌到 350 美元，我可能不得不以 450 美元买入。我为每一份获得的 400 或 500 美元权利金并不能消除风险。而 AMD 是 445 美元。
If AMD falls to $350, I might have to buy at $450. The $400 or $500 premium I get for each one does n't eliminate the risk. and AMD is $445.
这个频道对 $AMD 的历次判断
Mark Roussin, CPA 在这只股票上共 5 条判断，这里只列相邻的几条。